So, it stands to reason that you wouldn’t expect to find one of these highly desirable, and extremely valuable vehicles neglected, slinked away in a garage collecting dust. Well, that’s exactly what happened to this 1981 M1, which is one of the last examples produced. The car amazingly only has 4,593 miles on the odometer and last hit the pavement in 1982, after which it was exiled to a dusty existence.
The vehicle was left sitting, serving as a trash can of sorts with old tires, tools, and other junk placed on top of its roof and trunk. Remarkably though, the vehicle is in otherwise excellent condition given its age. This can partly be attributed to the fact that the vehicle had less than 5,000 miles on it before it was parked, and that it wasn’t left exposed to the elements.
The paint is allegedly in great condition as are the bodywork and wheels. The interior is also in like-new condition (minus the copious amounts of dust). The original tires will of course have to be replaced and there will need to be some serious reconditioning done to the engine, which hasn’t been started in over three decades.
German BMW dealer and restoration specialist Mint Classics discovered the M1 and will restore the vehicle to its original factory condition. Given the condition that the vehicle is in at this point, it shouldn’t be an incredibly difficult task, although the engine/drivetrain restoration will likely be the most time-consuming.
The M1 was powered by a 3.5-liter BMW inline-6 producing 273 horsepower. The mid-engine car sent power to the rear wheels using a 5-speed manual transmission and could hit 60 mph in just 5.4 seconds, which was quite an amazing feat for an early 80’s vehicle. Well-kept BMW M1s can fetch anywhere from $500,000 to $670,000 at auction.